523 Nevada Ave Colorado Springs, CO 80903

This 5,583 square foot medical office building in Colorado Springs, CO, is situated on a 0.22-acre lot and offers excellent visibility from Nevada Avenue. Built in 1963, the Class C property features 3,876 square feet of net rentable space, divided into two units, each with one bedroom and one bathroom. One unit is currently leased for $1,000 per month, while the other is vacant. The building includes a reception area, waiting room, two restrooms, and a 1,707 square foot basement. Additional amenities include a 1,224 square foot space plus a one-car garage, ample parking (3.14 spaces per 1,000 square feet) with additional street parking, and 600 AMP power. The property is zoned OR and is ideally suited for medical or general office use. Its location just north of downtown Colorado Springs provides easy access to various amenities and services. The asking price is $650,000, representing a price per square foot of $167.70. This presents a compelling investment opportunity with potential for increased rental income.